Angolan Mining Oil & Gas - Page 384 of 389 - Top Angolan News for Oil, Gas and Mining Industries

Infrastructure

Angola awards $333m to Trafigura consortium to improve Congo rail link

21, July, 202221, July, 2022

Angola’s ministry of transport has awarded a tender to a Trafigura consortium to operate and expand rail infrastructure to speed up commodity imports from the Democratic Republic of Congo. Congo, Africa’s biggest copper producer, exports copper, cobalt, and other metals in trucks via Tanzania or South Africa, which takes several weeks because of congestion and customs delays. As part of a 30-year concession agreement, the consortium has agreed to invest $256 million in infrastructure, $73

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Energy

Trelleborg completes remote installation for deepwater energy project

20, July, 202220, July, 2022

Trelleborg Marine and Infrastructure has completed the remote installation of its SafePilot Offshore technology for a deepwater oil & gas project in Angola, the company announced 19 July. The work was part of an upgrade of the navigation and positioning systems and buoy monitoring systems to a floating production storage and offloading unit (FPSO). To create more remote operations for its offshore assets, the FPSO operator required support for the installation, data integration, software uploading

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Oil International

Approved attribution of concessions for oil blocks in the Baixo Congo and Kwanza basins

20, July, 202220, July, 2022

This Monday, at a meeting of the Council of Ministers, the granting of concessions for eight of the nine oil blocks in the Baixo Congo and Kwanza basins was approved. “The National Agency of Petroleum, Gas and Biofuels (ANGP), as National Concessionaire, holder of mining rights for prospecting, research, evaluation, development and production of liquid and gaseous hydrocarbons in Angola, announces that it was approved at a meeting of the Council of Ministers, this Monday,

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Energy

Soyo refinery to hire local companies to supply goods and services to the projects

20, July, 202220, July, 2022

Quanten Consortium Angola – which will build and operate the Soyo Refinery – and FACRA (Fund Activo de Capital de Risco Angolano) have teamed up to implement an “innovative financing strategy” that will support national companies. On the one hand, contracts will be awarded to local companies for the supply of goods and services for the refinery project and, on the other hand, financing will be promoted for these same companies. At an extraordinary meeting

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International

Sonangol orders two new oil tankers from South Korea. Ships should be delivered next year

19, July, 202219, July, 2022

Sonangol will reinforce its tanker fleet with two ships. The new vessels, whose construction has been commissioned to South Korea, will be capable of carrying one million barrels. The construction of one of the ships has already started, having started last week, on the 15th of July. According to the oil company, in a statement quoted by Angop, the start of the contract was made official with the cutting of steel, in an act that

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Oil Gas International

Top Five Oil Rigs Operating in Africa

16, July, 202217, July, 2022

With targets currently in place to meet a larger share of the global market, Africa’s top oil producing countries are seeking solutions to increase investment in the oil sector and tap into the continent’s 125.3 billion barrels of oil reserves. Taking advantage of Africa’s vast resources has been a top priority for some of the continent’s largest oil producers, with the industry relying heavily on the performance of high-quality oil rigs – platforms that are

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Oil

Angolan crude oil production increased

16, July, 202216, July, 2022

Angolan oil production increased in June, when the Sunflower vine was the third most expensive in the world, according to a report by the Organization of Petroleum Exporting Countries (OPEC) released yesterday by the international press. The document indicates that Saudi Arabia, the United Arab Emirates, Iran and Kuwait also increased production that month, when Venezuela decreased, and that Angola’s oil was the third most expensive in the world among 13 OPEC member crudes, only

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Oil International

Angolan oil was the third most expensive in the world in June

16, July, 202216, July, 2022

Brent oil, which serves as a benchmark for Angolan exports, was the third most expensive in the world among 13 crudes from the members of the Organization of Petroleum Exporting Countries (OPEC), only surpassed by Algeria and Equatorial Guinea. According to the OPEC monthly report published this week, among the 13 types of oil that make up the OPEC reference basket, the Angolan Sunflower crop reached US$127.03 in June, also having the highest rise in

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Energy International

Berkeley Energy invests $1.5 billion

14, July, 202214, July, 2022

The international company specializing in renewable energy projects, Berkeley Energy, has already invested US$1.5 billion in the construction of hydro, wind and biomass photovoltaic plants in various locations across the country. The information was provided by the executive director of Berkeley Energy, Luka Buljan, at the International Conference on Renewable Energy, held recently in Luanda, under the aegis of the Ministry of Energy and Water, in partnership with the Lusófona and Angolan associations of Renewable

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International Oil

Oil yields 70 percent above forecasts in the first half

14, July, 202214, July, 2022

The country’s oil revenue during the first half of this year was estimated at 4.17 billion kwanzas as a result of the export of 209 million barrels at an average price of US$99.68, equivalent to more than 70 percent of annual forecasts. for the sector. The data are contained in the oil sector performance report, available since Monday on the Ministry of Finance’s institutional website. For the aforementioned indicators, for example, the National Concessionaire –

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